Powered R Patel took over as RBI Governor. Patel, who took command of Rwnr energize the largest challenge facing many challenges which will have to curb inflation. To support the industry under pressure to cut interest rates on them would be bound to be.
Urjit Patel 24th RBI governor. Raghuram Rajan Patel was chosen to present the position of deputy governor of the central bank was working on. Patel is considered an expert on monetary policy and the Deputy Governor, as he is now in charge of the Department of gardening. Patel’s appointment is for three years.
s. Venkataraman was governor whose term of three years after the king confined alone. This is the first time a selection of Reserve Bank Governor on the recommendation of a committee headed by the cabinet secretary said. Committee recommendations on the Appointments Committee of Cabinet headed by Prime Minister (ACC) has had his name stamped on. ACC is chaired by the Prime Minister and its members are the sole. In October, 53 years of age are met Patel studies LSE, Oxford and Yale University have.
MPhil and PhD in Economics from Yale’s degree from Oxford. The inflation target for the first time decided to based on the recommendations of the committee headed by Patel said. Based on this, it was decided that for the next five years, the retail inflation target of four per cent to six per cent, which will be more and more. To achieve this goal, which will be the responsibility of the governor and the committee will be accountable to Parliament. Before deciding interest rates was considered a measure of wholesale inflation. But making a measurement of retail inflation to recommend credit goes to the committee headed by Patel.